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WETA
Feb 1, 2013 8:00pm EST
showdown over the debt ceiling and faces a march 1 deadline for across the board spending cuts, what to make of this darned economy, david? >> am i supposed to answer that? it is confusing. the stock market is up. employers are hiring, very slowly. the government now tells us that hey -- they hired a lot more last year than previously believed. auto seafls are up 14% from last year. housing sales are coming back. on the other hand the economy took a pause at the end of last year? unemployment is very high, 7.9%. among men between 25 and 54 one out of six is not working. so i think when you cut through all this what do you see? well, the stock market is going like this and the economy is going like this. that can't last. i can't explain the stock market except maybe there was a gigantic sigh of relief. the republicans aren't going to force the u.s. freshry due default and the europeans aren't going to blow themselves up economically. you see an economy that's growing -- slowly. growing is better than not growing. the europeans are trying the not growing thing. the private sector is heali
PBS
Feb 5, 2013 12:00am PST
debt ceiling limits -- last week congress voted to temporarily suspend the limits on the debt ceiling. we will get a look at high- profile nominations. we are glad you joined us. king had that said there is always the right time to do the right thing. i try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminating hunger and we have work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. pbs station from viewers like you. thank you. >> bernie sanders is the longest serving independence in congress in his third term after 16 years in the house. he is also the new chair of the veterans affairs committee. it is always good to have you on this program. thanks for your time. >> great to be with you. >> let me start with where we are now. we are caught between the president's inauguration day speech and his state of the union address. i want to cover both in just a second and so much more, but let me start with the inauguration speech. this is the first time we have got
PBS
Jan 31, 2013 9:00pm PST
vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, ma of em awed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader, john boehner. >> obama told his staff, john boehner
SFGTV
Feb 5, 2013 1:00pm PST
and then there is no follow-up. in light of what is going on in the nation, debt ceiling, in light of what is really going on here in the city and county of san francisco we need to involve the constituents, because the taxpayers that pay it, you may get the money from the state or the federal, it is the taxpayers who pay the taxes and we need to have some accountability and some transparency. i am not saying that this contractor is going to do his job i hope he does his job quarterly or twice a year or for the duration of this contract we get some reports. so that we can read and see what is happening. thank you very much. >> is there any other member in of the public that would like to make comments? seeing none public comment is close. (gavel) this is an action item. >> mr. chair? >> i know there is question about work between the mta and the transportation authority. can you talk about those issues and how they were resolved? >> both agencies have responsibility especially mta which has legislation for originating parking in public policy of the transportation authority addresses
FOX Business
Jan 31, 2013 7:00pm EST
: the senate approved a house plan to approve the debt ceiling and hold off on congressional pay if they don't get a budget deal for the next ten years. you say this is more of a risk and even the fiscal cliff was. >> oh, yes. the debt ceiling is a potentially large fiscal contraction like the fiscal cliff was. even bigger, actually, if you do the math. debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best actions taken by the federal government and the worst? >> at think there were three. in net you a tie for first? >> you know how tv works. >> one was tart. very unpopular, but effective and turn a profit for the taxpayer. second was the stimulus
KICU
Feb 4, 2013 4:00am PST
got sequestration coming up, we've got the debt ceiling, so congress is still a factor here. any worries that, now that we have passed the fiscal cliff for the moment, that those two items might cause some trouble? > > absolutely. i am still worried about that. i think, longer-term, i have mentioned that there are a lot of positive things in this country that are actually occurring. energy revitalization and independence, i think that gets undersold. the fact that our labour force is now competitive. i think longer- term those are good things. my question is how quickly we get there, and there are all kinds of speed bumps before we kind of get to that end-state nirvana. and the big factor that holds the key to that is what happens in congress. > brent schutte. thanks so much. > > thank you. the big easy is working mighty hard to make a big comeback. we'll see what's new in new orleans, next. as the monday morning quarterbacking gets underway, we wanted to give special attention to the real winner of the super bowl: new orleans. joining us via skype this morning, mark romig. he's
FOX News
Feb 5, 2013 1:00am EST
issued two days before. >> greta: the house and senate signed a bill to suspend the debt ceiling until may. that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [ laughter ] >> but they are limited by the appropriations process and house and senate under the constitution have the power of the purse. he is not supposed to spend important. having said that, you are right. it's a huge problem. we should not extend the debt limit again. what is coming up, it may be four to six months unless there are legally spending cuts. i proposed that legislation. it got a lot of votes on the floor but it's simple idea. reduction of spending for every dollar increase in debt li
CNBC
Feb 6, 2013 12:00pm EST
fiscal cliff and debt ceiling. we only took temporary action, not like these two problems are going away and will hit us in the spring and the market seems to be oblivious here. >> you're looking for the s&p to drop 200 points in the first half of the year. >> i'm still doing that. the market started with people complacent and now almost euphoric. everybody you have on the program thinks the market is going higher. the market, when it has a good january has a great year. a general feeling of counterfeit and we hacounterfeit -- of comfort and we have a lot of hurdles to get over. a 2% pay cut and taxes going up on upper brackets. there are other taxes put in place and the debt ceiling will be dealt with. that will be a big battle between entitlement cuts and raising the debt ceiling. i think all these issues will bear on the market when people are very enthusiastic about it. i think this market is vulnerable. >> interesting to date, with all the noise in the market, stocks have been able to put on pretty good ear plugs. >> that's often the case. you've been around long enough. sometimes t
CW
Feb 1, 2013 12:00pm CST
. the debt ceiling bill is now before the president after the senate passed a short-term debt limit suspension.the president is expected to sign it. what that means is the country will pay its bills and not default on its obligations thru may 18th. there's a catch to the bill. lawmakers have to pass a budget by april 15th or they won't get paid. since 2001, congress has raised the debt ceiling eleven times. the bill will increase the nation's 16-point-4 trillion dollar debt limit by about 450 billion dollars. coming up next the latest in alabma where a child hostage situation enters its fourth day. plus a student is in custody after opening fire inside a middle school in atlanta. and another cabinet member in president obama's administration announces his resignation. [ washer and dryer sounds ] for the things you can't wash, freshen them with febreze. febreze eliminates odors and leaves a light fresh scent. febreze, breathe happy. we're learning more about the alleged gunman who continues to hold a young boy hostage in an underground bunker in alabama. locals describe 65-year-old j
NBC
Feb 1, 2013 12:00pm EST
the debt ceiling, that they have yet to prevent big spending cuts. >> 800,000 civilians will lose their jobs. bases will have to be closed. the grants will have to be stopped. >> that could add to the unemployment numbers announced today. we also expect to get hard figures on how many people are out of work. tracie potts from washington, back to you. >> if you have the flu, stay away from fido. how you can protect your furry friends. a traveling band with a lot of heart. heart. [ telephone rings ] good evening, this is flo. [laughs] yes, i'm that flo. aren't you sweet! licensed phone-ups available 24/7. call 1-800-progressive. >> in this afternoon's medical alert, any at owner knows if you fall ill there is nothing better than snuggling up with your pet , but flu sufferers should not get too close. >> 14 cats and one dog has been sick and or died from the h1n1 flu virus since 2006, possibly spread by humans. this dr. from organs -- oregon state university said researchers do not know for sure if the seasonal flu can be transmitted to pets. >> the strain that was transmitted origin
MSNBC
Feb 1, 2013 7:00am PST
first debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government spending was going to be with some certainty, that would be better than this constant not knowing. we're on the 60-day clock and then on the 90-day clock. we need to get on a four and five-year clock. and that's why a budget and appropriations bills will make a difference, chuck. >> what are the chances, michael, of those things happening? >> well, you know, i think a long-term solution doesn't look very practical right now. and one reason is that members of congress like mr. blunt, republicans, are -- i think that it's more important not to give more ground on taxes than it is to create certainty. so i think everyone agrees that uncertainty is a problem. i think basica
CSPAN
Feb 6, 2013 7:30am EST
lot of foreseen events that have to happen between the debt ceiling at what am i going to do with the sequester, the money the government is spending that is supposed to be cut. those at issue is going to have to face and i think much more important is the very large, long run deficit that a thing all of us want our policymakers to come together and address how we're going to do with it. i think that's unfortunate will have to be front and center in the next year coming up with that. i sure hope it is. >> let's see, i think first thing just to mind ourselves out is that the impact of it president on the short-term macro economy is almost always exaggerated. presidents can have a big impact on the economy in the medium term and long run, largely -- and while the fed has cut aid to help they can should have a much bigger short-term effect, we immediately looked to the white house and said what are you going to be about the economy right now? dr. romer and i would have to go on tv and there is points and talk about the job supports and what would happen over the course of the next mo
PBS
Feb 6, 2013 12:00pm PST
places. >> each with their own capital. charlie: looking today at the debt ceiling question. do you think that's more severe and more threatening than any sequestering? >> by far. by far. the sequester, if it happens on march 1, is going to cut government spending immediately by about 85 billion. that's about 6 or 7 tenths of a percent of g.d.p. and over ten years 1.2 trillion. if we bump into the national debt ceiling and by the way the good news is the republicans are talking more and more like this is not going to happen. but if we do, we have to go to a balance budget in a minute. can't borrow anymore. we've got a deficit that's, let's just call it morning friends a trillion. the c.b.o. estimate was a little bit below finally. but around the neighborhood of a trillion. that's 12 times 85. on top of that, you will... you have the danger of kicking off a worldwide financial panic as people start worrying about, well, is the united states going to default on its debt? if it comes down to paying social security payments or the interest on the debt, are we so sure that america will c
ABC
Feb 3, 2013 10:00am EST
that's why we were able to get the debt ceiling extended. >> chuck hagel had a pretty rough ride at his confirmation hearings. >> were you correct or incorrect. >> my reference to the -- >> are you going to answer the question, senator hagel? >> he seemed to lose some of the republican support he may have had. are you still confident after that performance that the democrats will stand behind him and he'll get confirmed? >> sure. this is a short interview, but if you interviewed me for eight hours like they interviewed him in the senate this week, you and i would both glove up a little bit. so chuck hagel is a fine man. he was a good senator. i served with him. he's a republican. that should be a plus. we need more, and i think he will be an outstanding, terrific secretary of defense. >> some of your fellow democrats seem concerned though by what they saw as a shaky performance. >> this was eight hours. give the guy a break. i thought he did pretty good. >> your incoming chairman of the senate foreign relations committee, senator robert menendez, is now reviewing his relationship wi
MSNBC
Feb 5, 2013 3:00pm EST
up basically in the summer of 2011 and the run-up to the debt ceiling, and in the run-up to the fiscal cliff, excuse me, about a month idago, this idea of $600 billion in new revenue and entitlements. specifically in advance of the fiscal cliff, the white house wanted a change to the benefits formula for social security and basically be a benefit reduction over the long term for social security beneficiaries. is this just another, you know, trip down a dead end road to you or do you think there's movement on a grand bargain in the next month or two? >> i'm glad to be back on the show to qualify "the cycle" skeet shooting tournament. >> you're in. >> check out the stance, howard. >> i want to team up with s.e. of course. >> smart move. >> i called her already. >> okay. this is the -- did you say 47,000th? >> i lost count at 12,000. i'm guessing since then. >> what is whatever you said plus one. there's practically politically speaking no way that the republicans right now are going to go along with anything like that number that you put up on the screen or, frankly, any number ri
FOX
Feb 6, 2013 5:00am EST
times in 2011 and 2012 in excomping for republicans agreeing to raise the debt ceiling and they were pushed off again during the year-end fiscal cliff negotiations. why another short-term deal? the president seems to believe that wear just going to buy a little bit more time that maybe congress with finally come to some resolution on a larger package. but for their part, republicans are saying perhaps maybe now it is time to pay the piper. back to you. >> thank you. >>> in our top stories, a partial win for virginia governor bob mcdonnell's plan to overhaul the state transportation funding. yesterday, the senate deadlocked on a deal while the house approved a $3.1 billion transportation proposal. at the center of the bill getting rid of the 17-cent gas tax and replacing it with an increased sales tax. senate can now amend or kill the house version of the bill. virginia is joining maryland and d.c. with a ban on texting behind the wheel. senate and house lawmakers have approved bills that would make day primary offense meaning you can be ticketing for texting and driving without havin
CNBC
Jan 31, 2013 7:00pm EST
today congress did pass a debt ceiling extension so we won't go bankrupt immediately. joining me now, cnbc chief international correspondent michelle caruso cabrera and laffer. i want to ask you about this whole business. government spending on defense really collapsed and helped bring down yesterday's gdp. >> yes, it did. >> so all the liberals are saying see, we told you so, if you cut spending, you're going to ruin the economy. do you believe that? >> no, not at all. government spending is taxation. milton always said it. the government redistributes resources. you can see it really clearly. two-person world, farmer a and farmer b, if farmer b gets unemployment benefits, who do you think pays for them, farmer a? you know, government spending is taxation. the reason we have the great recession is because of the government spending, not in spite of it. >> follow-up. it would be bullish for economic growth. >> yes, it would. >> but this is the argument i get. it shows up as a negative in the gdp accounts. at least some of it. >> you're right. >> so what do you do? do you just go on a
MSNBC
Feb 5, 2013 6:00pm EST
going to be about these entitlements. >> first they argue the debt ceiling was their leverage. then they realize politically that was problematic for them. now that we resolved that at least for now although we still have to deal with it down the road, you've got deficit reduction that they perceived to be their leverage through shutting the government down or allowing what both republicans and democrats agree is an unacceptbly large set of spending cuts in the sequester which were designed to incentivize us to sit down. we're not going to be able to deal with this by march 2nd. let's make sure we avoid those cuts. >> absolutely. >> so here's what i think we have to look out for. i was up on the hill testifying this morning, and i'm picking up the following. i think what republicans would like to do is actually cancel the defense part of the sequestration and shift those cuts on to the non-defense side. that must be avoided. look, first of all in my view all these cuts ought to be avoided the way the president was talking about today. but what i just described absolutely must be avo
ABC
Feb 3, 2013 8:00am PST
years. >> no, it's more than that, george. but let's assume because the debt ceiling doesn't kick in till august, i believe that's what we'll have, but let's add these together. let's say you're right, 30 billion. but let's -- jobs overseas, we can dial that however we want because it's all -- a huge loss of revenue, corporate jets, tehre are all kind of things that are low-hanging fruit. >> you've heard the republicans across the board here. they're saying they're done with revenues for 2013. >> george, the american people are on our side. the american people don't believe in these austere things. we believe that the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that's where we need to go. >> but that's a debate that's been had, as you know, for the last couple of months, last couple of years and doesn't appear it will get solved next month so the sequester will hit. >> george, that's what they said two or three days before the fiscal cliff. no revenue. well, we got about $700 billion in revenue. there's still more we can d
MSNBC
Feb 4, 2013 8:00am PST
government in february 2011, didn't breach the debt ceiling in august 2011, didn't go over the fiscal cliff for very long in january of 2012, and we very likely and at least could kick off the debt ceiling for a couple months so far, so so far we haven't actually gone over any of these, nor have we come to permanent solutions. either we'll have to come to permanent solution or eventually sometime, somewhere, we are going to have to go over one of these cliffs because there won't be another option. >> we will let you go. either you have forced all your colleagues to get around the television set and watch this or something big is going on behind you. >> there's a lot of applause behind me. >> there is. your answers are so good, they are applauding you. thank you, sir. read up on the sequester and all other things in the "washington post." >>> coming up, america's most decorated sniper ever gunned down in cold blood. there are serious questions surrounding his death. >>> plus -- >> america can do this. for us. please. >> a super campaign, mayors against illegal guns make their case in f
MSNBC
Feb 4, 2013 11:00am EST
on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewhere. so they have chosen sequester and put up a very brave face on it. it's possible they could convince themselves to let it actually happen but the idea that they get some sort of significant political gain from it, these are cuts they hated and they hated in large part because they hurt things they care about. so to permit the sequester to go forward on that kind of rationale is not a political win, not a policy win. everybody is losing. >> the "new york times" op-ed says more than a million jobs are on the line if this deal isn't made. a quote saying the losses will soon spread as contracts to states and cities are cut, education and police grants are cut, and payments to medicare providers are cut, even the aid just approved to victims of hurricane sandy will fall under the sequester's act. americans are about to find out what happens when an entire political party demands deficit reduction at all costs because those costs will be enormous. that being an editorial.
FOX
Feb 1, 2013 5:00am EST
could be i amini fiscal cliff but this morning, there is a resolution in the debt ceiling debate, at least for now. we'll have the details coming up next. >>> d.c. is a town known for its d.c. formalities and fancy culture but it has always had an impressive music scene too. we'll show you how an impressive piece of it is being honored. [ male annncer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. >>> the senate has approveda bill to temporarily let the government keep borrowing money. the bill postponed the debt ceiling debate until the middle of may. it is call the no budget no pay bill that requires lawmakers to pass a budget or their paychecks will be withheld. the white house says president obama will im
MSNBC
Feb 6, 2013 12:00pm PST
sandy. >>> say farewell to the old fiscal cliff and debt ceiling and get used to this word. sequester. it hit in march if congress doesn't act. if you lost track of the debt ceiling and budget battles t came out of the debt limit deal. it was the white house's idea to hold washington's feet to the fire. the cuts were never supposed to happen. the committee that replaced them failed and at the start of the ewe near, the deal triggered even further until march 1st. we are faced with the looming cuts a few weeks away that boiled down to $85 billion that will be slashed by this fall if nothing happens. the focus has been on the cuts and the entire $1.2 trillion will be a 50-50 defense between defense and spending. to put us into perspective is the center for social inclusion. the sequester was designed to be something that would never happen. prot expect would scare washington into coming out with something else. there sounds out of washington, particularly from republicans that they might be okay with nothing happening and sequester being triggered. half is defense and half non-domestic
NBC
Jan 31, 2013 5:30pm PST
put off the debate over raising the debt ceiling. this measure suspends the government's borrowing limit to may 19th. the national debt will be pushing $17 trillion. in other words, it's really washington's version of kicking the can down the road. the president is expected to sign this bill immediately. >>> now to the economy and the financial markets. stocks fell a bit today with all three major indexes modestly lower. but for the month, the dow was up almost 6%, the best since january in '94. nasdaq gained 4%, s&p just over 6. its best january since '97. what is the market surge trying to tell us when mixed in with some bad news out there, as well? and on the eve of another big jobs report? our report from nbc's tom costello. >> reporter: 25-year-old kory wilson can tell you, it's not easy looking for a job. she has applied for 200 since earning a master's degree in public relations last may. >> being a post graduate, either i'm overqualified or i'm underqualified. >> she is looking for work, but the economy seemingly poised to either take off or take a stumble. today new applic
PBS
Feb 7, 2013 7:00pm PST
over the debt ceiling and potential government shutdown. >> reporter: the president's state of the union will also include a pitch for more job creation. and it will be cast as part of an overall plan to make the economy work for everyone. >> the question that i will ask myself on every item, on every issue is, is this helping to make sure that everybody's got a fair shot and everybody is doing their fair share and everybody is playing by the same rules, because i believe that is a growth agenda. >> reporter: the republican response will be delivered by florida's marco rubio, a strong supporter of immigration reform. rubio says he'll stress how free enterprise can help strengthen the middle class. darren gersh, "n.b.r.," washington. >> susie: more uncertainty today about when boeing's dreamliner will be cleared to fly. the nation's top transportation safety official, is now questioning the testing process used to assess the safety of lithium ion batteries in boeing 787 planes. the national transportation safety board says the f.a.a. has to re-think those tests, because many were ba
CBS
Feb 3, 2013 8:00am EST
week." >>> congress has postponed the debt ceiling crisis. now the focus in washington has swung back to budgets and deficits. the nation is heading toward budget sequestration. for medicare this means a 2% spending cut. but that's just a downpayment. any serious attempt to tackle the deficit must curb the increase in medicare and medicaid spending. last week a kaiser family foundation report listed 150 ideas to reduce medicare spending. the problem is almost all of
MSNBC
Feb 1, 2013 2:30am PST
funding bill expires. the debt ceiling fight will resurface in the summer. >>> new polls showing the nra's opposition to reforming certain gun laws isn't registering with the american public. according to polling, more than 90% of voters in three states say they support wider background checks for people buying weapons at gun shows. that includes voters who live in households with a gun. when it comes to the question of armed police in schools, more voters in virginia, new jersey, and pennsylvania support the idea than oppose it. the board of education in new it is town, connecticut, is requesting funding for armed police officers in four elementary schools for the next school year. in chicago, meanwhile, mayor rahm emanuel is moving 200 officers from desk duty to the streets amid the city's most violent months in decades. 42 people have been murdered this year including 15-year-old who was shot dead this week while hanging out with friends in a park. >> when any young person in our city is gunned down without reason, their death makes an impression on all of us. and it demands actio
Search Results 0 to 49 of about 270 (some duplicates have been removed)